Forex News: Gold Price June 17 2017 (21)

2017 Fixtures & Pricing

The CME Daily Delivery Report showed that 62 gold and 29 silver contracts were posted for delivery within the COMEX-approved depositories on Tuesday. Because of the ownership of bullion, this fund is extremely sensitive to the price of gold and will follow gold price trends closely. The Rollover (June 7) dates are indicated by the yellow arrows, along with the June contract\’s expiration. We deal with practically nobody that operates in gold and it only holds intrinsic value for it’s unique properties that have nothing to do with it’s usefulness as a currency.

In FX trading, the Ask represents the price at which a trader can buy the base currency, shown to the left in a currency pair. Their 5.6 per cent rally this year, while not the biggest in absolute terms, eclipses more than 130 assets from US. Treasuries to gold and even bitcoin when volatility is factored in, according to data compiled by Bloomberg.

In an interview to CNBC-TV18’s Manisha Gupta, Sanjeev Agarwal of Gitanjali Export Corp spoke about the current trends in gold. Since June 2006, however, the Fed has maintained a federal funds rate of close to 0%. In the wake of the 2008 financial crisis , the federal funds rate fluctuated between 0-0.25%.

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